Equity Commonwealth (EQC) said investors of the real estate investment trust will receive $19 per share through the company's initial cash liquidating distribution on Dec. 6 following board authorization disclosed on Friday.
Equity Commonwealth also revised its estimate of its total distribution amount to a new range of $20 to $21 per share from its prior expectation of $19.50 to $21 per share.
Shareholders of record on Nov. 25 are eligible for the initial distribution, the company said.
Shares of the company were up 1.3% in recent trading.
Price: 20.02, Change: +0.26, Percent Change: +1.33
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